Post by jeffolie on Aug 16, 2013 8:18:58 GMT -6
Deadly KISS: real estate doomed, rhyme of history
The below piece focuses on the KISS charting technical tool observing:
" ... "kiss the underside" of resistance then proceed to fall
my jeffolie view: remains a housing bust already started triggered by higher rates spiked when spiteful Ben retaliated for Obama's blatant public and embarrassing termination and rejection ... making the squashing investor motivation to purchase foreclosures converted into rentals as a substitute for earning almost zero interest on savings methods ... the KISS charting technical tool works most but not all times to warn of a peak and change in direction to pay attention to the technical charting tool which similar to the attributed to Mark Twain "history never repeats exactly, but sometimes it rhymes"
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Home builders now into “BEAR” market territory, after this “KISS” took place!
Posted by Chris Kimble on 08/15/2013
Home builders created a bearish wedge in 2006, broke support, rallied to "kiss the underside" of resistance then proceed to fall over 80% in value and the broad market followed.
Over the past couple of years, Home builders formed a large bearish rising wedge, broke support, rallied to kiss the underside of resistance 90 days ago. Since the "kiss" took place, the Home builders ETF (ITB) is down 20% in value and Real Estate ETF (IYR) is not far behind down 15%.
This key sector had a huge impact on the broad market in 2007/2008, will the price action result in a different outcome this time?
blog.kimblechartingsolutions.com/wp-content/uploads/2013/08/homebuildersbearterrorityaug15.jpg
blog.kimblechartingsolutions.com/2013/08/home-builders-now-into-bear-market-terrority-after-this-kiss-took-place/
The below piece focuses on the KISS charting technical tool observing:
" ... "kiss the underside" of resistance then proceed to fall
my jeffolie view: remains a housing bust already started triggered by higher rates spiked when spiteful Ben retaliated for Obama's blatant public and embarrassing termination and rejection ... making the squashing investor motivation to purchase foreclosures converted into rentals as a substitute for earning almost zero interest on savings methods ... the KISS charting technical tool works most but not all times to warn of a peak and change in direction to pay attention to the technical charting tool which similar to the attributed to Mark Twain "history never repeats exactly, but sometimes it rhymes"
===========================================
Home builders now into “BEAR” market territory, after this “KISS” took place!
Posted by Chris Kimble on 08/15/2013
Home builders created a bearish wedge in 2006, broke support, rallied to "kiss the underside" of resistance then proceed to fall over 80% in value and the broad market followed.
Over the past couple of years, Home builders formed a large bearish rising wedge, broke support, rallied to kiss the underside of resistance 90 days ago. Since the "kiss" took place, the Home builders ETF (ITB) is down 20% in value and Real Estate ETF (IYR) is not far behind down 15%.
This key sector had a huge impact on the broad market in 2007/2008, will the price action result in a different outcome this time?
blog.kimblechartingsolutions.com/wp-content/uploads/2013/08/homebuildersbearterrorityaug15.jpg
blog.kimblechartingsolutions.com/2013/08/home-builders-now-into-bear-market-terrority-after-this-kiss-took-place/